Top Tips for Selling Your Home

Before putting your home on the market, there is some homework (no pun intended) you need to engage in. Selling your home is a significant undertaking, and one that should not be taken lightly. Selling a home is not as liquid as selling any other asset. Patience is a virtue.

Firstly, know what you want. This might sound obvious, however many home owners are not always crystal clear on what they want when it comes to selling their home in particular. Be specific. How much would you like your property to sell for? How quickly would you like it to sell? Who is your ideal buyer? You also need to consider whether or not you have a new home sweet home to turn to. Either you might already own another property, and hence might decide to move into it, or you might have a new home lined up. Perhaps you might decide to rent your new home for a while. Maybe your new home is currently being built on a block of land you purchased.



Once you're specific on what you want, you need to research your market in keeping your prices as competitive as possible. Ensure you have sufficient funds saved up, to account for advertising fees in particular. Will you be using a real estate agent, or will you be selling your home privately?

Other considerations:

1. Valuations

Prior to selling your home, it is a good idea to seek an unbiased market valuation of your home, in addition to seeking out appraisals with selling agents.



2. Repairs

If there is a leaking tap, or some other area of the house that needs repairing; it is best to get a handyman in, either on or just before your home is listed on the market. That way your home is more attractive to buyers, and therefore you're more likely to receive your asking price. Naturally, any improvements need to have been completed in advance.



3. Open Homes

It is important to have your home clean and well presented at every open house. Easier said than done, however this is a given.



4. Your Team

Ensure that you have your Lawyer/Conveyancer organised in advance. That way, the contract will be ready for the new buyer to sign. This ideally needs to be done at the end of the first open home. Also, it is important to have received professional relevant financial advice prior to selling your home.



All the best in selling your home.

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